Held in Bangkok on 17-18 July 2009, this event focused on 'Asian Insolvency Reforms following the Global Financial Crisis: Policy Responses and Opportunities' with an emphasis on the review of progress made by the Asian governments in reform implementation and in-depth discussion on the policy options for insolvency reform.

This Report by the Investment Committee transmits the results of a review initiated in 2007 to update members' positions under the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations and the OECD National Treatment instrument of the OECD Declaration on International Investment and Multinational Enterprises.

The situation in financial markets deteriorated over the past year, but government actions have helped to avert an even bigger crisis. While some signs of recovery are on the horizon, the banking sectors in many countries are not yet on solid footing. Recent government programmes that deal with banks’ ‘toxic assets’ are welcome in this regard. But further reaching financial sector reforms such as those recently endorsed by the G20

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